Feb 24 (Reuters) - Olam Group Ltd OLAG.SI:
TO SELL 44.58% STAKE IN OLAM AGRI FOR US$1.78 BILLION
PROPOSED SALE OF SHARES IN OLAM AGRI HOLDINGS LIMITED
OLAM GROUP TO SELL A 44.58% STAKE IN OLAM AGRI TO SALIC
OLAM GROUP TO SELL ITS REMAINING 19.99% STAKE IN OLAM AGRI TO SALIC
IMPLIED 100% EQUITY VALUATION FOR OLAM AGRI OF US$4.00 BILLION
ON COMPLETION OF SALE OF TRANCHE 1, OGL WOULD REALISE ESTIMATED GAIN ON DISPOSAL OF US$1.84 BILLION
OGL WOULD RAISE ESTIMATED TOTAL GROSS CASH PROCEEDS OF US$2.58 BILLION FROM SALE
Further company coverage: OLAG.SI
((Reuters.Briefs@thomsonreuters.com;))
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